Compagnie des Alpes coveted by the Chinese Fosun, owner of Club Med – Le Figaro

(AOF) – Compagnie des Alpes jumped 5.89% to 17.25 euros, signing the largest increase in the DTH market. The specialist in French ski resorts is in the viewfinder of the Chinese conglomerate Fosun, said the newspaper Le Monde, adding that the owner of Club Méditerranée would an equity of around 10 to 15%. CDA responded this morning about it, confirming its commitment since 2015 to explore partnerships in particular on high-potential markets (including China).

In fact, the CEO Dominique Marcel had announced at the annual results of the group in late May, its objective to enter the capital for a partner to support its international expansion. CM-CIC Securities had said then that he would probably be a Chinese actor.

In a rapidly consolidating industry, Compagnie des Alpes is not the only French company to generate interest Chinese investors. Jin Jiang, owner of Louvre Hotels, is looking to increase its stake in the capital of AccorHotels while Chinese conglomerate HNA entered late March in the Pierre & amp; Holidays. This interest in French leisure groups can be explained by the significant increase and continues the number of Chinese travelers last five years.

And even though no decision has been made, discussions are conducted with different investors, Compagnie des Alpes said, without giving further details.

in a note, Gilbert Dupont points out that the position of the State, first Compagnie des Alpes shareholder with 39.7% capital, is not very clear about this potential capital development. Indeed, the Minister Emmanuel Macron economy had declared on 22 March that the state would not sell a share of the group. The broker maintains its Buy rating and target price of 18.2 euros

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